On 11/01/2007 22:47:16 Lysander
comcast.net> wrote:
> On Nov 1, 6:09 pm, Robert Vienneau
notthis.dreamscape.com> wrote:>> John, untruthfully says, "You don't want NNP, or NDP as you call it, to
>> measure wages..."
>> I point out that I don't claim either NNP or NDP measures wages. (Notice
>> I introduced no confusion between xDP and xNP.)
>> Notice John has offered no argument whatsoever why I would want another
>> measure for the Monetary Expression of Labor Time (MELT), also known as
>> monetary expression of value.
> If Rob looks at how the national income approach to measuring GDP works it
> is obvious why you don't want NNP or NDP to as any measure of labor time.
Nor have I suggested that NNP or NDP can be taken as a "measure of
labor time".
> It includes indirect business taxes, corporate taxes, retained earnings,
> social security contributions, transfer payments, and government interest.
> Most of this has nothing to with putting a monetary expression on labor
> time...
> [ Blah, blah blah - deleted. ]
It is clear that John has no idea what's being discussed.
>> I do acknowledge that those interested in the MELT might want another
>> accounting framework than the current national income accounts. And one
>> might do more manipulations of data from the current accounting framework
>> than I indicated to map into one appropriate for calculating the MELT.
>> But I'm only conducting an introductory discussion.
> Translation he is actually admitting he is wrong and I was right in asking
> why you would want GDP when other and better data is available and
> plentiful.
The above is a lie. (John has a good defense in his illiteracy.)
Recall my claim was that one would not want to use GDP as the numerator
in calculating the value added by labor.
John has no idea what the MELT is.
--
Whether strength of body or of mind, or wisdom, or virtue,
are found in proportion to the power or wealth of a man is
a question fit perhaps to be discussed by slaves in the
hearing of their masters, but highly unbecoming to
reasonable and free men in search of the truth.
-- Jean Jacques Rousseau
